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Jul 20, 2011
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these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even necessarily going to please some of these ratings agencies that grade our credit. but it will get the debt ceiling raised and could get done in the amount of time we have left and that seems like the final fallback position for everybody. >> all right. gloria, the final word here. >> well, just to follow up on what jess is saying, i was talking to a senior republican today who described this backup plan as kind of the break glass kit, when have you an emergency, you go and break the glass, you pull it out, and you have something there to put out the fire. and i think they'll have to break the glass. >> glor
these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even...
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Jul 23, 2011
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he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting version
he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their...
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Jul 27, 2011
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a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that president oba
a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote...
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Jul 19, 2011
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has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside baseball, i don't know about you, but the last time i got clarification of credit card terms, a little document, but it was like concertina. i don't have the eyesight to read that level of fine print. >> personally, in the middle of a refi, and the person on the other end, she may have been speaking a foreign language. all of these people don't know the parameters. most people aren't that abreast of it. >> know before you owe is one of the agency's landmark items right now, and a very good initiati initiative, and legitimate, honest people i
has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside...
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Jul 28, 2011
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...